African genomics startup 54gene lays off 95 as COVID testing business struggles

African genomics startup 54gene has laid off 95 employees, or about 30% of its LinkedIn-sourced 290+ employees. A company’s spokesperson confirmed the news after several sources informed TechCrunch of the layoffs last week.
Founded in 2019 by Dr. Abasi Ene-Obong, the three-year-old startup seeks to address the gap in the global genomics market where less than 3% of genetic material used in pharmaceutical research is African. This is despite reports saying Africans and people of African ancestry are more genetically diverse than all other world populations combined.
As one of Africa’

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